[Podcast] Revealed: The Surprising Truth About Property Profits in 2024 with Dr. Nicola Powell

In today’s show, we discuss Domain's latest Profit and Loss Report with Dr. Nicola Powell, the Chief of Research and Economics at Domain.

In this detailed look at the current state of the property market across the country, we explore the key findings from the report, dive into regional disparities, and discuss the impact of economic factors like interest rates and inflation on property profitability.

Adapting to Australia's Changing Property Landscape

In this episode, Dr. Nicola Powell and I discuss:

• Domain's latest profit and loss report
  • A significant majority of property resales in Australia are profitable
• Brisbane's impressive property market
  • 5% of houses selling at a profit and a median gain of $326,000
• The diverse demographics benefiting from property gains
• Property tenure and geographical disparities in profit-making Resales
• The advantages for owner-occupiers exempt from capital gains tax
• Shifting property buyer sentiment and preferences post-COVID
  • The role of the Reserve Bank and interest rate adjustments
• Regional property search trends and the growing interest in properties with granny flats for intergenerational living and secondary income opportunities
• The evolving expectations of homeownership and the move from traditional quarter-acre blocks to more practical options like apartments, townhomes, and prefabricated houses

This episode is packed with valuable insights and practical advice for anyone interested in the property market, from seasoned investors to first-time homebuyers.

Links and Resources:

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Dr Nicola Powell, Domain’s Chief of Research and Economics

Domain’s Profit and Loss Report

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Some of our favorite quotes from the show:

“One of the things that's going to cause confidence to return,  is when interest rates start falling, and that keeps getting pushed further and further out, doesn't it?” - Michael Yardney

“We’ve just got to remember what happened after COVID, when people suddenly realised life was going to move on. Buyer sentiment turns before seller sentiment does. So, all of a sudden more buyers come into the market.” - Michael Yardney

“Pay attention to those who you work with, who work for you, and if they don't add anything to your life or your business, but in particular if they cause cars and problems, don't excuse it, don't excuse their behavior.” - Michael Yardney

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